The Best Mortgage Lenders in Union, NE
Compare verified mortgage lenders serving Union, Nebraska. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Union
Featured Mortgage Lenders
Arbor Bank Mortgage Team
Arbor Bank
Arbor Bank is a highly-rated community bank with deep roots in eastern Nebraska, serving Union and surrounding communities with personalized mortgage services. They maintain exceptional 4.8-star ratings across multiple review platforms for their attentive customer service, competitive rates, and local decision-making. As a community-focused institution with over 25 years of mortgage lending experience, they specialize in first-time homebuyer programs, agricultural property loans, and construction lending. Their mortgage team provides comprehensive guidance through the entire home financing process with the personal touch of a local bank.
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Union Bank & Trust Mortgage Division
Union Bank & Trust
Union Bank & Trust is one of Nebraska's most trusted mortgage lenders with a strong presence throughout eastern Nebraska, including service to Union residents. With consistently high ratings around 4.7 stars, they're praised for their knowledgeable loan officers, streamlined application process, and competitive mortgage products. They offer specialized first-time homebuyer programs with down payment assistance and have extensive experience with rural property financing. Their long-standing community commitment and comprehensive digital mortgage platform make them a top choice for both purchase and refinance transactions in the region.
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Guild Mortgage Company - Nebraska Division
Guild Mortgage Company
Guild Mortgage maintains a strong Nebraska presence with local loan officers who regularly serve Union and surrounding communities. Rated 4.6 stars for their exceptional customer service and wide range of loan products, they specialize in hard-to-place mortgages and offer unique programs like their Zero Down Payment option. Their local team has extensive knowledge of Nebraska's housing market and provides personalized service from application through closing. As a nationally recognized lender with deep local expertise, they combine the resources of a large institution with the personalized attention of a local mortgage broker.
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Frequently Asked Questions
Common questions about mortgage lending in Union, NE
What are typical down payment requirements for homes in Union, NE, given the local market?
In Union's affordable market, many conventional loans require a 3-5% down payment. For a median-priced home around $200,000, this translates to $6,000-$10,000 upfront. Local lenders are often familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties and borrowers in Cass County.
Are there any first-time homebuyer programs specifically beneficial for Union residents?
Yes, the Nebraska Investment Finance Authority (NIFA) offers statewide programs like the Homeownership Loan Program, which provides competitive interest rates and down payment assistance. Union's location in Cass County also makes many homes eligible for USDA loans, a key advantage for first-time buyers seeking low or no down payment options in a rural community.
How do property taxes in Cass County affect my mortgage payments in Union?
Cass County has a relatively moderate property tax rate compared to other Nebraska counties, but it's still a significant factor. Your lender will calculate an escrow payment as part of your monthly mortgage to cover these taxes. For a $200,000 home, expect to pay roughly $3,000-$3,500 annually in property taxes, adding about $250-$300 to your monthly payment.
What should I know about getting a mortgage for an older, historic home in Union?
Financing older homes in Union's established neighborhoods may require a specialized appraisal to ensure the property meets lending standards. You might consider an FHA 203(k) renovation loan if updates are needed. It's crucial to work with a local lender experienced in rural and older property valuations to navigate any unique conditions.
How does Union's rural location impact the mortgage process and lender choice?
While you can use national lenders, local and regional banks or credit unions in eastern Nebraska often have deeper knowledge of Union's property values and may offer more personalized service. They are also typically preferred partners for USDA loans, which are highly relevant here. Appraisal timelines might be slightly longer due to the need for appraisers familiar with the area.
Why Choose a Mortgage Lender in Union?
Local Market Knowledge
Lenders who understand Union's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Nebraska.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Union and get competitive rates on your home loan.